What is 'richcession' and is it real? BofA data suggests it is | Fortune
Amid a strong job market, the highest earners are doing the worst, Bank of America data show.
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Money Debate: The ‘richcession’ is real—Unemployment is rising for the 6-figure-salary set
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Six-figure earners feel they’re in ‘survival mode’: Poll
BY MICHAEL RAMSEY
11/16/25
Feeling financially secure in the U.S. is all about perspective, a new survey from The Harris Poll suggests.
Nearly one-third of respondents earning six figures described themselves as financially distressed, while two-thirds in the high-earning group said they don’t consider themselves wealthy.
For the “Income Paradox Survey,” more than 2,100 Americans were queried over the summer, including 728 Americans who make $100,000 or more annually and 280 who make at least $200,000 a year.
Members of the six-figure earning class tended to agree they’re in “survival mode,” and they are more likely to put everyday expenses on a credit card when cash is tight, according to poll results; 44 percent indicated they feel one unexpected bill away from “financial chaos.”
Why such negativity from people perceived as being fairly well off? Analysts offer a variety of explanations, including an obvious one: Someone making a six-figure income in New York City might conceivably struggle compared to one of their counterparts in middle America...
BY MICHAEL RAMSEY
11/16/25
Six-figure earners feel they’re in ‘survival mode’: Poll
Nearly one-third of respondents earning six figures described themselves as financially distressed.
thehill.com
Feeling financially secure in the U.S. is all about perspective, a new survey from The Harris Poll suggests.
Nearly one-third of respondents earning six figures described themselves as financially distressed, while two-thirds in the high-earning group said they don’t consider themselves wealthy.
For the “Income Paradox Survey,” more than 2,100 Americans were queried over the summer, including 728 Americans who make $100,000 or more annually and 280 who make at least $200,000 a year.
Members of the six-figure earning class tended to agree they’re in “survival mode,” and they are more likely to put everyday expenses on a credit card when cash is tight, according to poll results; 44 percent indicated they feel one unexpected bill away from “financial chaos.”
Why such negativity from people perceived as being fairly well off? Analysts offer a variety of explanations, including an obvious one: Someone making a six-figure income in New York City might conceivably struggle compared to one of their counterparts in middle America...
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